Need ideas for financing for my self employed daughter

[Robert Smith]

I currently own a 3bd 2ba house in Cocoa, Fl.  I have been renting it to her and her boyfriend for a couple of years.  For many reasons, I need to sell it to them outright, but the boyfriend is self employed (construction/concrete) and the current business has only been running for a year. (Approx 400k in income) 

I need some ideas for any places that specialize in these types of loans.  Or even private money that would be interested in something like this - realizing that interest rates will be higher.  

Or if there is some creative option I havent thought of.

Any help is appreciated.

[Patrick Roberts]

Couple ways to potentially tackle this. For Conventional, if he previously worked in the same industry, makes approximately the same (net) as he made while working as an employee, and has at least 12 months of SE history on his 2024 tax return, he may be able to squeak by. 

There are also bank statements loans as long as he has at least 10% down (20% is much better) and good credit. These will use the cashflow in his bank statements rather than his tax returns to determine qualifying income. Typically, between 1 and 2 years of SE history is doable with these, but less than 12 months is not. 

Last option is to seller finance and then sell some or all of the note(s). There are a lot of nuances to how this is set up, and you will take some amount of a discount on the value of your note(s) when selling, but you could sell some or all of the note(s) within 6 months to a year to convert them to cash. The value of a note is determined by a lot of factors, so you'll want to partner with someone with expertise to set it to bring the most value. This is not something to DIY.